Key stats
About PURPOSE CANADIAN PREFERRED SHARE FUND
Home page
Inception date
Mar 15, 2017
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Purpose Investments, Inc.
The fund seeks to provide stream of income with potential for capital appreciation by investing in Canadian income-producing securities and equities. Such investments include preferred securities, dividend-paying equities, income and royalty trusts, ETFs, and fixed-income investments. At the time of purchase, investments in floating rate preferred securities will be predominantly of investment-grade Canadian issuers. Up to 5% of the portfolio may be made up of equities and approximately 20% in foreign securities. The fund uses a fundamental investment process that includes both top-down macro-economic analysis and bottom-up security selection. This fundamental research is used to select securities believed to offer desirable returns based on the managers view of a companys growth prospects. The fund may also use derivatives for hedging and non-hedging purposes.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Miscellaneous
Government
Bonds, Cash & Other100.00%
Miscellaneous64.15%
Government24.52%
Corporate6.84%
Cash2.97%
ETF1.17%
Mutual fund0.34%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RPS invests in bonds. The fund's major sectors are Government, with 24.52% stocks, and Corporate, with 6.84% of the basket. The assets are mostly located in the N/A region.
RPS assets under management is 44.51 M CAD. It's risen 7.20% over the last month.
RPS fund flows account for −22.67 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, RPS doesn't pay dividends to its holders.
RPS shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Mar 15, 2017, and its management style is Active.
RPS expense ratio is 0.92% meaning you'd have to pay 0.92% of your investment to help manage the fund.
RPS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RPS invests in bonds.
RPS price has risen by 4.44% over the last month, and its yearly performance shows a 6.17% increase. See more dynamics on RPS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.70% over the last month, showed a 0.14% increase in three-month performance and has increased by 11.36% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.70% over the last month, showed a 0.14% increase in three-month performance and has increased by 11.36% in a year.
RPS trades at a premium (0.33%) meaning the ETF is trading at a higher price than the calculated NAV.